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27/09/18
13:42
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Originally posted by vontrader
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7:18 into the interview they discuss the gas contract
- Number of large industrial plants in the area, so FPL wouldn't need to process the gas
- 3 local utilities between 5-25 miles from their field their service hundred of thousands of accounts
- Can also connect directly to Colorado Interstate state gas pipeline
US Department of Agriculture has a program called "Business and Industry Loan Guarantee", designed to entice new investment and infrastructure projects in rural America. Offers an 80% guarantee of the borrowed amount !
Also mentioned the will complete 2 wells before the end of the year
Sounds like it is very positive
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Glad you are impressed, rest of the market isn’t, wouldn’t you think they would have done a local deal on the gas sales after 4-5 yrs of stuffing around, if it was viable?